Giftify Q1 Billings Soar 25% to $45M; Net Loss Narrows 17.6%
Giftify’s gross billings rose 25% to $45.0M in Q1 2026, lifting gross profit 18.5% to $4.2M and expanding margin by 380 basis points to 19.9%. Net loss narrowed 17.6% to $2.7M, CardCash sell orders increased 14.2%, and the company deployed AI tools and secured a Capital One Shopping partnership.
1. Q1 2026 Financial Highlights
In the first quarter ended March 31, 2026, Giftify’s gross billings climbed 25% to $45.0 million, driving gross profit up 18.5% to $4.2 million. Gross margin expanded to 19.9% from 16.1%, net loss improved 17.6% to $2.7 million, interest expense fell 44%, and cash rose to $4.2 million.
2. CardCash Marketplace Performance
CardCash recorded 70,954 sell orders, up 14.2% year-over-year, and processed 112,084 buy orders, a 6.1% increase. Average buyer order value hit $384, up 15.4%, marking the highest weekly volume and value since 2020 and reflecting robust seller supply and rising consumer demand.
3. AI Deployments and New Partnerships
In March, Giftify launched an AI order review system at 85% accuracy and rolled out AI-driven development for Restaurant.com, accelerating platform updates like passwordless registration. On April 1, the company partnered with Capital One Shopping via the Rakuten network to surface discounted gift cards to millions of consumers.